If you fail, or if you burn yourself out, it's very likely that you will abandon real estate all together (and I'm not singling you out--most people who have a really bad experience in real estate understandably abandon real estate and move on to more traditional W2 jobs, which can be far less stressful).2.

And you're right, Tim, if all else fails the bags are tough enough to drag out.Steve, yeah Lowe's was where I first saw it...plus I can cover the sales tax with my 5%.

My agent advised that a previous deal fell through for low water pressure in house.Paperwork stated " water pressure fail"Should i be concerned?

My agent advised that a previous deal fell through for low water pressure in house.Paperwork stated " water pressure fail"Should i be concerned?

Too many people that don't have a clue what they are doing or worse, know exactly what they are doing, approach homeowners with stories about how they are going to rescue them, save their credit, help them, relocate them, give them money, and other things, only to fail or succeed, in stripping the borrower of their equity and their home.

Compare that to buying an older home and the furnace goes out right after you move in, the plumbing is ancient and the inspector somehow failed to notice the large stress cracks in the foundation.It has only been a few months that I have been living in my home and everything has been working out great so far!

Example roof that had 5 years of life but failed in year 3. cost $6000 Capex budget only had $3600.

Though, I failed to realize the type of neighborhood that it was in.

If you don't approach real people you fail immediately.

If they fail to do that and it results in water damage, the tenant is liable.If water gets inside the home and the tenant is aware of it but fails to report it, they are negligent and therefore liable.If the tub is dripping and they fail to report it to me so I can fix it, they are negligent and liable.If they leave a window open and rain water comes inside the home and damages the flooring or window sill, they are negligent and liable.It sounds to me like your friend has no idea how to care for a home.